ChainCatcher news, according to CoinDesk, the cryptocurrency market has seen a decline today as investors reduce their exposure to risk assets due to concerns over macro policy changes in April. The liquidation scale in the past 24 hours has exceeded $300 million, with BTC dropping to the $82,000 range.However, cryptocurrencies backed by gold are reversing the bearish trend in the market, with PAXG rising 0.7% in the past 24 hours and XAUT increasing by about 1%.

ChainCatcher news reports that, according to 4E monitoring, Trump's tariff news has once again hit the market. On Wednesday morning, news broke that Trump would announce tariffs on automobiles, causing U.S. stocks to fall, with the three major indices recording their first decline in four trading days. The Dow fell by 0.31%, the S&P 500 dropped by 1.12%; the Nasdaq plummeted by 2.04%, marking the largest single-day drop since March 11. Tech stocks led the decline, with Tesla and Nvidia both falling over 5%.The cryptocurrency market has seen increased volatility, with Bitcoin dropping below $86,000 due to the drag from U.S. stocks. After the U.S. stock market closed, it quickly rebounded, reporting $87,500 at the time of writing, a slight decrease of 0.2% over 24 hours. Other major tokens mostly experienced slight declines, with Ethereum striving to hold above $2,000. The JELLYJELLY incident that drew attention yesterday once again exposed how easily whales can manipulate the market, revealing that Hyperliquid is not truly decentralized.In the forex and commodities sector, the U.S. dollar index was mostly on the rise on Wednesday. After the White House confirmed it would announce new automobile tariffs, the increase quickly expanded to nearly 0.5% for the day; crude oil inventories fell more than expected, with WTI and Brent crude rising nearly 1.8% and 1.6%, respectively, reaching new highs for the month; gold slightly retreated by 0.1%, marking its third decline in four days.After unexpectedly weak consumer confidence data was released on Tuesday, Trump announced on Wednesday, after the U.S. stock market closed, that a 25% tariff would be imposed on all imported automobiles. Meanwhile, "reciprocal tariffs" will also be clarified in the coming days. Against the backdrop of the Trump administration's impending rollout of tariff policies, two Federal Reserve officials issued warnings about potential shocks, raising market concerns about the economic outlook and increasing risk-averse sentiment.

ChainCatcher news, according to Binance co-founder Zhao Changpeng (CZ) on the X platform, "If you are impacted during a downturn, reduce your position to a manageable level. Psychological stability outweighs all market fluctuations."

ChainCatcher message, according to PeckShieldAlert monitoring, the address 0x98e7...ea76 was liquidated during the market downturn due to leveraged positions, involving 1,930 WETH, worth approximately 4.06 million USD.

ChainCatcher news, crypto analyst Miles Deutscher posted on X that the current market decline is more painful than during the FTX collapse in 2022.He explained that during the FTX incident, people had become numb to the declines and no longer held any hope. However, at the time of this decline, people were still expecting a massive altcoin rally. Losing hope is more painful than losing money.

ChainCatcher news, according to Trader T's monitoring, the U.S. stock market's crypto sector is experiencing a widespread decline before the market opens today:MICROSTRATEGY: -2.1%ISHARES BITCOIN TRUST: -0.9%COINBASE GLOBAL: -1.3%RIOT PLATFORMS: -1.4%CLEANSPARK: -0.8%MARA HOLDINGS: -1.2%

ChainCatcher news, according to Lookonchain monitoring, a certain whale liquidated their PEPE during the market downturn on December 19, making a profit of 11.7 million dollars.However, in the past six days, after the market decline, this whale has once again increased their holdings by 14.2 trillion PEPE, worth 24.5 million dollars.

ChainCatcher news, according to Trader T's monitoring, the U.S. stock market's crypto sector is experiencing a widespread decline before the market opens today.Among them:MICROSTRATEGY: -3.5%ISHARES BITCOIN TRUST: -2%COINBASE GLOBAL: -4.1%RIOT PLATFORMS: -2.2%CLEANSPARK: -4%MARA HOLDINGS: -4%.

ChainCatcher news, according to market data, Nvidia's pre-market decline in US stocks has narrowed to 1.5%, after previously dropping nearly 5%.

ChainCatcher message, cryptocurrency analyst Alex Krüger posted on social media: "The current market crash is clearly driven by macro factors, rather than being specific to the cryptocurrency industry. Moreover, it is becoming increasingly clear that the main driving factor is not the collapse of the U.S. economy (discussions about a U.S. recession heated up after last Friday's employment data).It seems that the policy mistake was not the Federal Reserve's failure to cut rates quickly enough, but rather the Fed's decision not to cut rates when Japan raised its rates. This statement does seem a bit 'hindsight', and we now need U.S. economic data to confirm this.The chart shows the starting point of last week's sell-off, which was right after the FOMC statement last Wednesday. It coincided with the opening time of the Nikkei index.A financial crisis primarily triggered by a large number of Japanese leveraged speculators is much better than one caused by a recession in the U.S.As for U.S. data, the current focus is on the labor market, so special attention should be paid to this Thursday's initial jobless claims (which are usually not market-moving data), as well as the state employment data to be released on August 16 (State Employment data, which provides detailed state-level employment data and is rarely focused on by the market)."

ChainCatcher news, according to The Block, the average daily fee of pump.fun last week (from June 10 to 14) was approximately $870,000. However, this week, the platform's average daily fee has dropped to about $605,000, a decrease of 30% compared to the previous week.This decline may be primarily attributed to the adverse effects of broader market conditions, as well as a 2.21% drop in the price of SOL during the week, leading to a general decrease in users' risk appetite. The significant decline in risk appetite is particularly important for platforms like pump.fun, as it represents the most extreme point on the risk curve in the industry.The assets involved and deployed on the platform are typically of the most speculative nature, attracting participants looking to make quick profits, but when the market deteriorates, they also quickly withdraw to avoid risks.Moreover, the substantial decrease in revenue compared to the previous week indicates that the amount of token deployment and overall activity has also correspondingly decreased, which may suggest that the platform and the tokens it hosts have reached a saturation point. With an excessive amount of new tokens being deployed, demand and attention may have reached a level where the platform can no longer keep up with the deployment of new tokens.

ChainCatcher news, GameStop has applied to sell up to 45 million shares and stated that it will use the proceeds for acquisitions and other matters, with pre-market losses widening to 22%, and no significant changes in financial condition.

ChainCatcher news, according to HODL15Capital monitoring, the "Mr.100" whale address, which previously averaged daily purchases of 100 BTC, bought over 600 BTC during today's market downturn.Currently, this address has been marked by Arkham as an Upbit cold wallet, but this designation remains controversial.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the whale at address 0xb154 transferred 21,000 ETH (approximately 39.26 million USD) and 2.76 million ARB (approximately 3.37 million USD) to Binance at 1:10 AM today, after which ETH began to decline starting at 1:30 AM. In addition, this whale was also the seller at the last ARB peak: on April 16, it transferred 9.94 million ARB to Binance for sale, and then withdrew 5,985 ETH from Binance. (source link)

ChainCatcher news, according to monitoring by Lookonchain, a certain institution (possibly Amber Group) sold 800 WBTC ($17.36 million) and 6,042 ETH ($9.26 million) before today's market decline. Before the market drop on February 10, they also sold 6,525 ETH ($10.80 million) and 1,000 WBTC ($22.84 million). (source link)